US stocks fall, oil rallies as Middle East peace hopes fade

The U.S. war on Iran has driven oil prices higher, resulting in more expensive gasoline, diesel and jet fuel, and economists expect to see second-round effects in the months ahead.

May 13, 2026 - 03:00
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US stocks fall, oil rallies as Middle East peace hopes fade
The U.S. war on Iran has driven oil prices higher, resulting in more expensive gasoline, diesel and jet fuel, and economists expect to see second-round effects in the months ahead.

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